Hello, crypto people!
What's $BTC ???
Sharp bullish surge: after bouncing from the range of ~105–106KUSD, the price gained momentum, broke through 108,000 and is already trading around 109,200USD.
MACD: the histogram has increased, the MACD line (blue) has clearly crossed the signal (orange) line upwards - indicating continued growth.
Volumes: although the chart does not show volumes, the dynamics and momentum indicate active buying.
While the price is holding above 109,000, the short-term trend remains strong.
Forecast for the next 12 hours
Baseline scenario: further momentum can bring BTC to the range of 110,500–111,000USD while maintaining the strength of the MACD.
Potential bullish surge: with acceleration of institutional buying or new positive news, a jump to 112,500 USD is possible.
Pullback scenario: profit-taking by long-holders may cause a correction to 107,000–108,000 USD.
The current trend remains steadily upward and is supported by both technical signals and the fund. I recommend monitoring MACD, levels 110–111K and institutional flows to adapt strategic goals.